Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jul 12, 2020 1:19:10 PM

Why am I being charged $40.00 when it should be free?

0 2 633
2 Replies
Level 15
Jul 12, 2020 1:21:10 PM
Returning Member
Jul 12, 2020 1:29:50 PM

@624freestyle 

It depends on your tax situation, the Free is for Basic .  If you have to itemize, or have misc income, stocks, rental property or student loans you cannot use the free.  See below. You can file with TurboTax Free Edition
if you have a simple tax return.*
*A simple tax return is Form 1040 only, without any additional schedules. Simple tax situations covered in TurboTax Free Edition include:

W-2 income
Limited interest and dividend income reported on a 1099-INT or 1099-DIV
Claiming the standard deduction
Earned Income Tax Credit (EIC)
Child tax credits

 

Situations not covered in TurboTax Free
Edition include:

Itemized deductions
Business or 1099-MISC income
Stock sales
Rental property income
Credits, deductions and income reported on schedules 1-3, such as the Student Loan
Interest Deduction.

 

hope this helps.